Question

Mr. A sold a residential house for Rs. 20 lac in the year 2017-18, from the sales proceeds of

the house he has invested Rs. 4 lac in REC bonds and used Rs. 12 Lac for purchase of new

house. The value of acquisition of the house was Rs. 5 Lac in 2013-14. Determine the taxable

capital assets in this scenario. Do you think any exemption will be given to Mr. A in the capital

gain earned by him? Justify your answer and also explain in detail any 4 exemptions. allowed in

the case of capital gain tax.​

Answer 1

Answer:

I don't understand it sorry for this

Answer 2

Taxation is a topic of great depth and variation it is very useful in the commerce side.

But I am an engineering student.